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The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area

  • Sandra Gomes
  • P. Jacquinot
  • M. Pisani

Building on the New Area Wide Model, we develop a 4-region macroeconomic model of the euro area and the world economy. The model (EAGLE, Euro Area and Global Economy model) is microfounded and designed for conducting quantitative policy analysis of macroeconomic interdependence across regions belonging to the euro area and between euro area regions and the world economy. Simulation analysis shows the transmission mechanism of region-specific or common shocks, originating in the euro area and abroad.

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Paper provided by Banco de Portugal, Economics and Research Department in its series Working Papers with number w201006.

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Date of creation: 2010
Date of revision:
Handle: RePEc:ptu:wpaper:w201006
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  11. Sandra Gomes & Pascal Jacquinot & Matthias Mohr & Massimiliano Pisani, 2013. "Structural Reforms and Macroeconomic Performance in the Euro Area Countries: A Model-Based Assessment," International Finance, Wiley Blackwell, vol. 16(1), pages 23-44, 02.
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